STAT 453 - Risk Theory

★ 3 (fi 6)(EITHER, 3-0-0)

Faculty of Science

Classical ruin theory, individual risk models, collective risk models, models for loss severity: parametric models, tail behavior, models for loss frequency, mixed Poisson models; compound Poisson models, convolutions and recursive methods, probability and moment generating functions. Prerequisite: One of STAT 371 or MATH 281.